Aircraft leasing company Air Transport Services Group (ATSG) is expanding its aircraft leasing agreements with internet retail giant Amazon.
The developments include agreements to lease and operate 10 additional Boeing 767s for Amazon, extending leases for 20 767 aircraft ATSG currently provides, and extending the current agreement through which ATSG’s airlines operate those aircraft in the Amazon Air network.
In addition, Amazon will be granted warrant rights which, if exercised, would further expand its potential equity stake in ATSG. The arrangements also provide warrant incentives for Amazon to lease up to 17 additional cargo aircraft from ATSG.
Jan 14, 2019
Aircraft leasing company Air Transport Services Group (ATSG) is expanding its aircraft leasing agreements with internet retail giant Amazon.
The developments include agreements to lease and operate 10 additional Boeing 767s for Amazon, extending leases for 20 767 aircraft ATSG currently provides, and extending the current agreement through which ATSG’s airlines operate those aircraft in the Amazon Air network.
In addition, Amazon will be granted warrant rights which, if exercised, would further expand its potential equity stake in ATSG. The arrangements also provide warrant incentives for Amazon to lease up to 17 additional cargo aircraft from ATSG.
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A new professional consultancy and provider of asset management and monitoring solutions for rental companies and fleet owners across the equipment industry has launched to the industry.
Fortis will be led by an executive team including Josh Mosko, founder and CEO.
He said: “Together, we possess more than a century of asset management and telematics expertise in the rental and equipment industry.
“Part of our value proposition is we have worked for rental, distributor, and OEM firms in various sales, operations, fleet, and product support roles. We understand the equipment, applications, and end-user expectations and the pain points of managing fleets from the field to the executive level.”
Jan 14, 2019
A new professional consultancy and provider of asset management and monitoring solutions for rental companies and fleet owners across the equipment industry has launched to the industry.
Fortis will be led by an executive team including Josh Mosko, founder and CEO.
He said: “Together, we possess more than a century of asset management and telematics expertise in the rental and equipment industry.
“Part of our value proposition is we have worked for rental, distributor, and OEM firms in various sales, operations, fleet, and product support roles. We understand the equipment, applications, and end-user expectations and the pain points of managing fleets from the field to the executive level.”
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Ford is to cease operation of its Chariot shared subscription minibus service by the end of the month.
San Francisco-headquartered Chariot, founded in 2014, offered a smartphone app-enabled transport service where users could book a seat in a Ford minibus for cheaper commuting. The company also operated an enterprise service tailored to business clients.
The e-shuttle start-up was acquired by Ford in 2016 for $65m. It was the first acquisition made by Ford’s newly launched Ford Smart Mobility unit, which was targeted with investing in “innovative mobility start-ups and technologies”.
Jan 14, 2019
Ford is to cease operation of its Chariot shared subscription minibus service by the end of the month.
San Francisco-headquartered Chariot, founded in 2014, offered a smartphone app-enabled transport service where users could book a seat in a Ford minibus for cheaper commuting. The company also operated an enterprise service tailored to business clients.
The e-shuttle start-up was acquired by Ford in 2016 for $65m. It was the first acquisition made by Ford’s newly launched Ford Smart Mobility unit, which was targeted with investing in “innovative mobility start-ups and technologies”.
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The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed that registrations among its member fleet grew 8% during 2018.
Members registered 267,732 vehicles, a new record, and provided funding worth nearly €5 billion during the year, an increase of nearly 6% compared to 2017.Leasing accounts for around 17% of all vehicle sales in Spain.
Jan 14, 2019
The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed that registrations among its member fleet grew 8% during 2018.
Members registered 267,732 vehicles, a new record, and provided funding worth nearly €5 billion during the year, an increase of nearly 6% compared to 2017.Leasing accounts for around 17% of all vehicle sales in Spain.
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Alphera Financial Services, BMW Group’s independent motor finance division, has launched a new online portal for its UK car finance customers.
Called My Alphera Finance, the platform gives customers a way to access information about their finance agreement and manage their account.
Jan 14, 2019
Alphera Financial Services, BMW Group’s independent motor finance division, has launched a new online portal for its UK car finance customers.
Called My Alphera Finance, the platform gives customers a way to access information about their finance agreement and manage their account.
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The average amount financed for new and used cars reached a new record in the UK during November last year, despite faltering sales.
The average amount financed per new car was £20,770 (calculated by dividing the total amount financed by the number of new cars funded), while average used car finance reached £12,499.
Jan 11, 2019
The average amount financed for new and used cars reached a new record in the UK during November last year, despite faltering sales.
The average amount financed per new car was £20,770 (calculated by dividing the total amount financed by the number of new cars funded), while average used car finance reached £12,499.
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Growth in asset finance new business (primarily leasing and hire purchase) for the UK remained stable towards the end of last year as the industry prepared to make a record year.
New figures released by the Finance & Leasing Association (FLA) for November show that plant and machinery finance and business equipment finance sectors grew 9% and 8% respectively compared to the same period last year.
Jan 11, 2019
Growth in asset finance new business (primarily leasing and hire purchase) for the UK remained stable towards the end of last year as the industry prepared to make a record year.
New figures released by the Finance & Leasing Association (FLA) for November show that plant and machinery finance and business equipment finance sectors grew 9% and 8% respectively compared to the same period last year.
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Financial institutions “to be transformed into IT businesses within 10 years”
Volkswagen targets €1bn revenue from connected car services 
Hampshire Trust Bank relaunches asset finance division as Specialist Business Finance
Italian captive auto finance companies fined €670 million over cartel
